News: Brokerage

Steve Perfit, CCIM, SIOR Managing Director, Broker Pyramid Brokerage Co.

Name: Steve Perfit, CCIM, SIOR Title: Managing Director, Broker Company: Pyramid Brokerage Company Location: Hudson Valley (Kingston and Poughkeepsie offices), N.Y. Birthplace and year: Brooklyn, N.Y., 1942 Family: Wife, 3 children: 39, 36; 2 grandchildren College: BS, NYU; MBA, Pace University First job outside of real estate: Cost accountant for a book manufacturer First job in real estate or allied field: Brokerage with a mixed residential and commercial firm What do you do now and what are your plans for the future? We do commercial brokerage and consulting. Our plans are to consolidate a fragmented market in the Hudson Valley to enable us to market properties and service clients with our Cushman & Wakefield and Pyramid agents and partners. Hobbies: Scuba, working out, landscaping, biking and enjoying my family Favorite book: "As the Future Catches you," Juan Enriquez Favorite movie: "Woman in the Dunes" Person you admire most (outside of family): Dalai Lama Keys to success: Hard work, persistence - "Can be done" If you had to choose another vocation what would it be? Doctor
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Columns and Thought Leadership
The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

The anticipated effect of Basel III and ISO 20022 implementation on commercial real estate - by Michael Zysman

July 1, 2025 is the deadline for US banks to begin to adopt Basel III banking standards and July 14, 2025 is the deadline for U.S. banks to adopt ISO 20022 messaging standards. Both will have a significant effect on the banking and commercial real estate (CRE) finance sectors.
A fresh start - by Shallini Mehra and Amit Doshi

A fresh start - by Shallini Mehra and Amit Doshi

For the past several years, the New York City multifamily housing market has been defined by disruption. The combined impact of the HSTPA rent laws and a sharply higher interest rate environment has fundamentally reduced
Tri-state capital  migrates nationally amid  regulation pressure - by Reese Weaver

Tri-state capital migrates nationally amid regulation pressure - by Reese Weaver

New York tri-state multifamily investors are increasingly reallocating capital to less-regulated markets across the U.S. as rent control and legislative risk erode returns at home. With over 60% of New York City’s rental housing stock classified as rent-stabilized, the traditional value-add model — buying under-performing buildings,

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

The death of the generic offering memorandum: What buyers expect in 2025 - by Kimberly Zar Bloorian

There was a time when an offering memorandum (OM) was pretty bare bones, some photos, a few bullet points on income, and a rent roll thrown in at the back. That used to get the job done. Not anymore. In 2025, buyers are sharper, faster, and more selective. They’re looking